Bank of America Corporation (BAC) announced today that it intends to offer 1.25 billion shares of its common stock in an underwritten public offering. The bank plans to use the net proceeds from this offering for general corporate purposes, which may include, but are not limited to, strengthening its capital base.

The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, BofA Securities, Inc., and several other underwriters will manage the offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offer, solicitation or sale will be made only by means of a prospectus supplement and accompanying prospectus.

Investors are advised to read the prospectus and other documents Bank of America has filed with the Securities and Exchange Commission (SEC) for more complete information about the company and the offering.

Bank of America is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.